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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Summary of Changes in the Allowance for Credit Losses and the Related Loan Balance by Product
The following table summarizes the changes in the allowance for credit losses by product and the related loan balance by product during the three and nine months ended September 30, 2013 and 2012:
 
Commercial
 
Consumer
 
 
  
Construction
and Other
Real Estate
 
Business
and Corporate Banking
 
Global
Banking
 
Other
Comm’l
 
Residential
Mortgages
 
Home
Equity
Mortgages
 
Credit
Card
 
Other
Consumer
 
Total
 
(in millions)
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
110

 
$
103

 
$
69

 
$
17

 
$
196

 
$
52

 
$
45

 
$
13

 
$
605

Provision charged to income
(10
)
 
32

 
(2
)
 
—

 
(1
)
 
28

 
6

 
1

 
54

Charge offs
(3
)
 
(7
)
 
—

 
—

 
(40
)
 
(15
)
 
(7
)
 
(1
)
 
(73
)
Recoveries
1

 
3

 
—

 
—

 
3

 
1

 
1

 
—

 
9

Net (charge offs) recoveries
(2
)
 
(4
)
 
—

 
—

 
(37
)
 
(14
)
 
(6
)
 
(1
)
 
(64
)
Allowance for credit losses – end of period
$
98

 
$
131

 
$
67

 
$
17

 
$
158

 
$
66

 
$
45

 
$
13

 
$
595

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
198

 
$
80

 
$
44

 
$
18

 
$
188

 
$
47

 
$
31

 
$
13

 
$
619

Provision charged to income
(11
)
 
18

 
12

 
—

 
33

 
13

 
15

 
4

 
84

Charge offs
(9
)
 
(8
)
 
—

 
—

 
(24
)
 
(18
)
 
(14
)
 
(3
)
 
(76
)
Recoveries
3

 
2

 
—

 
—

 
3

 
—

 
2

 
—

 
10

Net (charge offs) recoveries
(6
)
 
(6
)
 
—

 
—

 
(21
)
 
(18
)
 
(12
)
 
(3
)
 
(66
)
Allowance for credit losses – end of period
$
181

 
$
92

 
$
56

 
$
18

 
$
200

 
$
42

 
$
34

 
$
14

 
$
637

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
162

 
$
97

 
$
41

 
$
17

 
$
210

 
$
45

 
$
55

 
$
20

 
$
647

Provision charged to income
(15
)
 
49

 
26

 
(4
)
 
10

 
58

 
17

 
1

 
142

Charge offs
(62
)
 
(22
)
 
—

 
—

 
(69
)
 
(38
)
 
(30
)
 
(10
)
 
(231
)
Recoveries
13

 
7

 
—

 
4

 
7

 
1

 
3

 
2

 
37

Net (charge offs) recoveries
(49
)
 
(15
)
 
—

 
4

 
(62
)
 
(37
)
 
(27
)
 
(8
)
 
(194
)
Allowance for credit losses – end of period
$
98

 
$
131

 
$
67

 
$
17

 
$
158

 
$
66

 
$
45

 
$
13

 
$
595

Ending balance: collectively evaluated for impairment
$
81

 
$
99

 
$
58

 
$
17

 
$
92

 
$
64

 
$
42

 
$
13

 
$
466

Ending balance: individually evaluated for impairment
17

 
32

 
9

 
—

 
66

 
2

 
3

 
—

 
129

Total allowance for credit losses
$
98

 
$
131

 
$
67

 
$
17

 
$
158

 
$
66

 
$
45

 
$
13

 
$
595

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
8,499

 
$
13,612

 
$
23,305

 
$
2,491

 
$
13,899

 
$
2,068

 
$
846

 
$
538

 
$
65,258

Individually evaluated for impairment(1)
420

 
56

 
65

 
61

 
215

 
19

 
10

 
—

 
846

Loans carried at lower of amortized cost or fair value less cost to sell
—

 
—

 
—

 
—

 
1,606

 
—

 
—

 
—

 
1,606

Total loans
$
8,919

 
$
13,668

 
$
23,370

 
$
2,552

 
$
15,720

 
$
2,087

 
$
856

 
$
538

 
$
67,710

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Consumer
 
 
  
Construction
and Other
Real Estate
 
Business
and Corporate Banking
 
Global
Banking
 
Other
Comm’l
 
Residential
Mortgages
 
Home
Equity
Mortgages
 
Credit
Card
 
Other
Consumer
 
Total
 
(in millions)
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
212

 
$
78

 
$
131

 
$
21

 
$
192

 
$
52

 
$
39

 
$
18

 
$
743

Provision charged to income
(36
)
 
39

 
9

 
(9
)
 
72

 
55

 
35

 
8

 
173

Charge offs
(12
)
 
(31
)
 
(84
)
 
—

 
(73
)
 
(65
)
 
(47
)
 
(17
)
 
(329
)
Recoveries
17

 
6

 
—

 
6

 
9

 
—

 
7

 
5

 
50

Net (charge offs) recoveries
5

 
(25
)
 
(84
)
 
6

 
(64
)
 
(65
)
 
(40
)
 
(12
)
 
(279
)
Allowance for credit losses – end of period
$
181

 
$
92

 
$
56

 
$
18

 
$
200

 
$
42

 
$
34

 
$
14

 
$
637

Ending balance: collectively evaluated for impairment
$
79

 
$
82

 
$
41

 
$
17

 
$
93

 
$
36

 
$
29

 
$
14

 
$
391

Ending balance: individually evaluated for impairment
102

 
10

 
15

 
1

 
107

 
6

 
5

 
—

 
246

Total allowance for credit losses
$
181

 
$
92

 
$
56

 
$
18

 
$
200

 
$
42

 
$
34

 
$
14

 
$
637

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
7,387

 
$
12,389

 
$
18,868

 
$
3,054

 
$
13,462

 
$
2,365

 
$
780

 
$
615

 
$
58,920

Individually evaluated for impairment(1)
533

 
108

 
143

 
86

 
345

 
22

 
16

 
—

 
1,253

Loans carried at lower of amortized cost or fair value less cost to sell
—

 
—

 
—

 
—

 
1,279

 
—

 
—

 
—

 
1,279

Total loans
$
7,920

 
$
12,497

 
$
19,011

 
$
3,140

 
$
15,086

 
$
2,387

 
$
796

 
$
615

 
$
61,452

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) 
For consumer loans, these amounts represent TDR Loans for which we evaluate reserves using a discounted cash flow methodology. Each loan is individually identified as a TDR Loan and then grouped together with other TDR Loans with similar characteristics. The discounted cash flow analysis is then applied to these groups of TDR Loans. Loans individually evaluated for impairment exclude TDR loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell which totaled $687 million and $516 million at September 30, 2013 and 2012, respectively.